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Gold/Mining/Energy : Gold Price Monitor

GDXJ 141.15

+3.5%

4:00 PM EST

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To: Ironyman who wrote (46310)	12/26/1999 8:29:00 PM
From: Rarebird	Read Replies (3) of 116978

<I think thirteen million ounces sold forward is beyond the point of being a hedge> Why is that? It comes back to what I said previously: The hedging activities of ABX is a representation of the deep despair that has engulfed the Gold market after 20 long Bear market years. Clearly, ABX has no confidence in a sustained Bull Market Advance in Gold. I think ABX has been smart. Their balance sheet proves it. You say, "This will end badly" ...I figure about the first week in January, when a chunk of money goes back to Asia. Get out of the Bearish Gold Religion and start thinking Independently. I told you before Hong Kong has already hit new all time highs. A big " chunk of money" already went into Asia. Expecting more chunks flowing in at the outset of the Millenium? Most of you guys amaze me for the Pathetic, Inept analysis you provide. And most people on SI know it. Look and see how many people post here. Manipulations, conspiracies, whining, everything except good all fashioned analysis of the Truth. The Truth must hurt. I think this thread has turned into the Sissy Coward Thread that is afraid to think, that is afraid to call a Spade a Spade.

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